Marcus & Millichap Arranges the Sale of a 43,770-Square-Foot Net-Leased Property in Malden, Missouri
January 12, 2023
MALDEN, Missouri, January 12, 2023 - Marcus & Millichap Real Estate Investment Services, Inc. (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Walmart, a 43,770-square-foot net-leased property located in Malden, Missouri, according to Grant Fitzgerald, regional manager of the firm's Cleveland and Columbus offices. The asset sold for $2,937,500.
Jared Shapiro, Craig Fuller, Erin E. Patton and Scott Wiles, investment specialists in Marcus & Millichap's Cleveland and Columbus offices, had the exclusive listing to market the property on behalf of the seller, a limited liability company, private investor. The buyer, a limited liability company, was secured and represented by Jared Shapiro, Craig Fuller, Erin E. Patton and Scott Wiles. David Saverin, Missouri Broker of Record, assisted in closing this transaction.
Walmart is located at 1007 N Douglass Street in Malden, Missouri. The property has five years remaining on the lease and closed as an all-cash transaction, with a very competitive bidding process.
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About Marcus & Millichap (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on 12 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2023 17:39:05 UTC.
Marcus & Millichap, Inc. is a real estate services company specializing in commercial real estate investment sales, financing services, research, and advisory services. Through its Commercial Real Estate Services, it provides equity advisory services and loan sales, loan guarantees, consulting, and advisory services. It serves clients with one property, multiple properties, and large investment portfolios. Through its Real Estate Brokerage, it represents commercial property owners as their investment broker in the sale of their properties. Its auction services division offers an accelerated way to buy and sell commercial property. Its financing division provides services, such as loan sales and due diligence, and receives recurring loan performance fees from certain lenders. It offers advisory and consulting services in forming investment strategy and making transaction decisions. It provides leasing services for tenants and landlords in connection with commercial real estate leases.
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